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    Gulf News: Crescent Group Looking at Egypt’s Gas Sector

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Summary

UAE conglomerate Crescent Group is exploring the possibility of investing in the Egyptian gas sector, a board member has said

by: Erica Mills

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Press Notes, Africa

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Gulf News: Crescent Group Looking at Egypt’s Gas Sector

Crescent Group, the Sharjah-headquartered conglomerate, is exploring opportunities in Egypt’s gas sector, a board member said in Dubai on Tuesday.

“We, as Crescent, are looking at opportunities in Egypt directly,” board member Neeraj Agrawal told Gulf News at the Annual Investment Meeting.

The group has an indirect presence in Egypt through subsidiary Crescent Petroleum, the single largest private shareholder in Dana Gas, which is investing $30 million (Dh110 million) in Egypt over the next 30 months.

Read the full article HERE.

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